There was a large number of starts all at the same time, during the end of Covid. 

Of the conversations I have had with people discussing hard money lending, some seemed opinionated in that the high interest rates and terms were enough to scare them off.

Should I give them an eviction notice as I am scared that they will not move out and end up not paying the rent.

I said that was too high for me and offered $170,000. 

Quote from @Stuart Udis: @Robert Ellis Location Location Location...There is limited land supply in markets with high demand and high barriers of entry.

I ended up getting the online course and it was pretty disappointed. 

For intance I dont or didnt at the time own any MF I had a client contact me and I ended up brokering him a 100 unit apartment in Portland ..

Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan. 

The property is unique—it’s off-grid with a well, solar power, and a fully finished interior.

So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year  so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000.